Got a Question?

It’s a rainy Thursday here …hooray! That means a house organizing day….so I thought since the last Q & A was so much fun….I’d do another!

If you have a question regarding reselling, bookselling, Ebay, vintage items, setting up a small online business, Paypal, thrift stores, garage sales, auctions, estate sales…or something related…ask away! I’ll answer if I can or find a place you might be able to get an answer.

The operator is standing by….

 

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4 Responses to Got a Question?

  1. latenightcoffee says:

    Yay! I’m taking the lack of questions as a good sign that everyone is busily listing all their treasures today….

    Sending positive sale vibes to everyone!!!

    Feel free to write me if a question ever arises!

  2. Jessica says:

    I was wondering one thing, about having a store. At what point do you think it’s worth it, a certain number of listings, sales, what?

    I actually just started selling on eBay just over a month ago and its worked out well because they are having a free listing special now and I’m just getting rid of a ton of stuff around the house with a few flips thrown in there. It’s really fun though and I can see wanting to continue.

    But it is a lot of work too and I’m not sure to what degree I will continue but I wanted to find out about the store thing before I decide. I kidna get the impression with the store you can have more long-term listings and less short-term maintance like relisting, etc. How are fees different? It seems like final value fees with the store are actually higher, so do you get to list for cheaper and/or keeping listings up longer amounts of time than just the 7 days? I tried reading on eBay and it didn’t really go into enough detail for me. Also, I don’t fully understand how the fixed price thing works with best offers and the fees involved there either.

    Anyway, long story short, any quick thoughts on why and when someone should open a store would be wonderful. Thanks!

    • latenightcoffee says:

      Hi!

      I think a store is most fruitful and profitable if you feel like you are going to commit to it for at least a year. It takes a while to build up an inventory, repeat clientele, and the knowledge of what works and doesn’t so that you don’t lose more money than you would with any startup business. Like any retail, there are certain times of the year are better than others. With a store, you have to be able to figure out how to stay “afloat” during the slower times.

      I opened my store about 2 years ago. That was after being on Ebay for over 10 years. I just didn’t have enough inventory to justify a store.

      Now I have a Premium store. I can justify the $50.00 a month because of the amount of items I have…and at 5 cents an item for a 30 day listing….it works best for me fee wise.

      I know many people do not like paying high dollar fees. I look at my fees like this. I pretend that Ebay is an Antique Mall which has incredible traffic and great marketing. I have a “booth” in the Ebay mall that I pay “rent” on. At the end of the month, when I pay my fees, if I made a good profit after paying my “rent”…then I am happy. If my “rent” fees outweighed my profit continuously….then I would not feel good about having a store….just like if I was renting a real antique booth.

      With that in mind…and just like when you have a real booth….you have to keep adjusting to the market. A store has to be fluid….what sold last year might not sell this year. But that happens in all retail. I think people get disgruntled because they have a niche that might not be working or products that are no longer selling.

      A lot of the fee questions about Ebay stores can be answered at this link:
      http://pages.ebay.com/help/sell/storefees.html

      If I was just beginning Ebay, I would wait on the store. List what you have, get some REALLY good feedback, and see if you enjoy it. Etsy is another great place to list vintage items and is especially nice for beginner sellers. It’s cheaper and you can keep things on it for a while. It may not have as much traffic…but if you have some neato vintage things…they have a better chance of selling.

      If you think you may want a store at some point, you can start accumulating some great inventory so that when you decide to open your store…you have the items to make it worth your while. And then you just jump on the hamster wheel and start running…:)

      I hope this helps a little….:) Thanks for your question…Good luck in your venture!

      • Jessica says:

        Ok, when you said “inventory” I realized I’m not ready for a store, ha! We don’t have the room in our little 1000 sq ft house that 5 of us live in. Not to mention the time… Basically my plan is to just take advantage of the free listings for the next few months, then just do it a little here and there for fun for a few years and I’ll re-evaluate. It’s cool though because I do feel like I’m learning a lot, good to know for future plans that might occur. Always full of ideas, I am. 🙂

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